Filecoin Investigates $23M Missing from STFIL Protocol

The Filecoin Foundation is currently looking into the unexplained loss of $23 million worth of FIL tokens from the Filecoin Liquid Staking (STFIL) platform. This incident took place following reports that STFIL’s core team was taken into custody by Chinese authorities in early April.

Danny O’Brien, a senior figure at the foundation, disclosed on X that a lawyer had been dispatched to China for investigative reasons. It is believed that the unlawful enhancements and transfers occurred while individuals were being detained.

Our legal representative in China has confirmed that the recent incident was a police detainment. They are now exploring options to regain control over the tokens presently in custody.

— Danny O’Brien🤖 (@mala) April 13, 2024

Users who loan FIL tokens to storage providers on Filecoin via STFIL have the opportunity to receive rewards. Unfortunately, withdrawals were currently not accessible due to a recent occurrence. The Foundation is working diligently to locate these funds within the next week and will support all impacted STFIL users in any necessary legal actions.

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2024-04-16 02:31